American Lithium bets it can open mine in Peru by 2027 The Falchani project would bring an $880 million investment to one of Peru’s poorest regions. Bloomberg News | September 28, 2023 | 1:34 pm
China’s grip on critical minerals draws warnings at IEA gathering US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals willing to exploit its position for political gain. Bloomberg News | September 28, 2023 | 10:31 am
Chinese and Russian aluminum groups sign deal to deepen ties The MoU comes ahead of a visit by President Vladimir Putin to China next month. Bloomberg News | September 28, 2023 | 10:05 am
China gold prices plunge the most since 2020, curbing record premium The precious metal fell 3.8% on the Shanghai Gold Exchange, with losses accelerating toward the end of the trading day. Bloomberg News | September 28, 2023 | 9:16 am
Peru grapples with red tape that’s burying giant copper projects Frustrations with bureaucracy that can take years to navigate were expressed at an event held in Arequipa. Bloomberg News | September 28, 2023 | 7:07 am
Copper’s contango widest since at least 1994 as inventories rise The cash contract changed hands at a discount of $70.10 a ton to three-month futures on the LME on Monday. Bloomberg News | September 27, 2023 | 2:43 pm
Vedanta preparing to de-merge sprawling operations Shares in Vedanta Ltd. have fallen by more than a fifth over the past 12 month. Bloomberg News | September 27, 2023 | 11:49 am
US-China tensions boost prospects for Mexico copper smelter plan Southern Copper is considering spending $1 billion-plus on a new smelter in Empalme, Sonora state. Bloomberg News | September 27, 2023 | 10:32 am
Trafigura gets $500 million to buy Saudi’s non-crude commodities The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again. Bloomberg News | September 27, 2023 | 9:07 am
China’s gold prices surge, hitting a record against the world On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York. Bloomberg News | September 27, 2023 | 8:43 am
Europe lines up African minerals pacts to ease reliance on China The European Union is finalizing partnerships with the DRC and Zambia to boost local industries. Bloomberg News | September 27, 2023 | 7:53 am
Glencore and Seriti weigh job cuts in South Africa due to ‘dire’ train situation Transnet has been hobbled by sabotage, cable theft and aging equipment. Bloomberg News | September 27, 2023 | 7:45 am
